Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 Flashcards Preview

Real estate license study > Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 > Flashcards

Flashcards in Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 Deck (10):
1

Installment sale

A sale in which the seller receives the purchase price over a period of years.

2

Leverage

The excessive use of money for purchases. Do use of borrowed money to finance investments.

3

Marginal tax rate

The rate at which the investors top dollar is taxed.

4

Pyramiding

Refinancing property to buy more.

5

Real estate investment syndicate

A group pooling resources to buy real estate.

6

Real estate investment trust (REIT)

A fund making real estate investments and selling shares.

7

Return

The cash flow plus income tax savings plus appreciation.

8

Syndicate

A joining together of two or more people to carry out business projects.

9

Tax credit

The direct deduction from income tax due.

10

Uniform Commercial Code

The law regulating transfer of business personal property.